A new report by the Institute for Fiscal Studies (IFS) shows that people in their early 30s are half as wealthy as people of the same age ten years ago.
27th September 2016 marked the launch of the Bank of England’s new Corporate Quantitative Easing (QE) programme. The Bank will now be creating £10bn of new money to buy bonds issued by private companies. While there are much better ways to boost the UK economy, today we give 10 reasons why Corporate QE won’t help boost the UK economy and could turn out to be a bad idea.
The term Quantitative Easing (QE) is not only hard to say, but it can be a bit of a tricky concept to grasp. It sounds so much like technical jargon that many people - journalists, policy-makers and even economists - are completely put off by it.
An important debate took place in the UK Parliament on Thursday 15th September 2016. The House of Commons debated for the first time since the new £70bn Quantitative Easing programme began last month.
The Bank of England’s quantitative easing programme risks prompting a catastrophic loss of public trust in how the UK economy is managed, Positive Money warns. The campaign group’s director said that the public will “rapidly run out of patience”, as QE drives up inequality and effectively provides a subsidy to foreign-owned corporations.